Narwhal Capital Management Sells 17,356 Shares of NextEra Energy, Inc. $NEE

Key Points

• Narwhal Capital Management reduced its NextEra Energy stake by 10.1%, selling 17,356 shares in the second quarter and retaining 155,183 shares valued at approximately $13.6 million.
• Analysts maintain a generally positive outlook, with NextEra receiving a consensus “Moderate Buy” rating and an average price target of $99.36, compared with its reported opening price of $86.18.
• NextEra exceeded quarterly earnings expectations with adjusted EPS of $1.15 versus the $1.11 consensus estimate, while revenue rose 12.4% year over year to $7.53 billion. The company also declared a quarterly dividend of $0.6232 per share, representing a 2.9% annualized yield.

Narwhal Capital Management trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,183 shares of the utilities provider's stock after selling 17,356 shares during the quarter. NextEra Energy accounts for 0.9% of Narwhal Capital Management's portfolio, making the stock its 27th largest holding. Narwhal Capital Management's holdings in NextEra Energy were worth $13,620,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. CPC Advisors LLC boosted its holdings in NextEra Energy by 12.5% in the 2nd quarter. CPC Advisors LLC now owns 6,226 shares of the utilities provider's stock valued at $546,000 after purchasing an additional 691 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of NextEra Energy by 1.2% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 41,434 shares of the utilities provider's stock worth $3,637,000 after purchasing an additional 483 shares during the period. D.A. Davidson & CO. raised its position in shares of NextEra Energy by 1.4% during the second quarter. D.A. Davidson & CO. now owns 1,045,908 shares of the utilities provider's stock valued at $91,799,000 after buying an additional 14,377 shares during the last quarter. Columbia Bank lifted its stake in shares of NextEra Energy by 6.0% in the second quarter. Columbia Bank now owns 17,865 shares of the utilities provider's stock valued at $1,568,000 after buying an additional 1,010 shares during the period. Finally, Benjamin Edwards Inc. grew its position in NextEra Energy by 13.2% during the second quarter. Benjamin Edwards Inc. now owns 437,768 shares of the utilities provider's stock worth $38,424,000 after buying an additional 50,926 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NEE shares. Mizuho set a $95.00 price objective on NextEra Energy in a report on Monday, July 27th. HC Wainwright reaffirmed a "buy" rating on shares of NextEra Energy in a research report on Monday, July 27th. Scotiabank lifted their price target on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. DA Davidson increased their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

NextEra Energy Trading Down 0.0%

Shares of NEE stock opened at $86.18 on Monday. The company has a market capitalization of $179.75 billion, a P/E ratio of 19.37, a P/E/G ratio of 2.36 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $87.17 and a 200 day moving average price of $89.98.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The firm had revenue of $7.53 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The company's quarterly revenue was up 12.4% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be given a $0.6232 dividend. The ex-dividend date is Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy's payout ratio is presently 55.96%.

NextEra Energy Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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